First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Increase in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 10,239 shares, a growth of 85.1% from the May 14th total of 5,531 shares. Based on an average daily volume of 24,699 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

First Trust Low Duration Strategic Focus ETF Stock Up 0.1%

Shares of First Trust Low Duration Strategic Focus ETF stock traded up $0.02 on Tuesday, hitting $18.99. The stock had a trading volume of 16,865 shares, compared to its average volume of 30,002. First Trust Low Duration Strategic Focus ETF has a 52-week low of $18.77 and a 52-week high of $19.59. The company’s 50 day moving average price is $18.96 and its 200 day moving average price is $19.06.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a $0.074 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Thursday, May 21st.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. TD Capital Management LLC lifted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 100.2% in the 4th quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock valued at $40,000 after purchasing an additional 1,050 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF in the 4th quarter valued at about $101,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF in the 1st quarter valued at about $119,000. CWM LLC lifted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 50.0% in the 4th quarter. CWM LLC now owns 7,921 shares of the company’s stock valued at $152,000 after purchasing an additional 2,641 shares during the last quarter. Finally, Truist Financial Corp purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF in the 3rd quarter valued at about $194,000.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.